Texas Southern University Foundation
- Assets
- $12.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1969
- Data as of
- 08/2021
- EIN
- 74-1620415
Organization Overview
Texas Southern University Foundation is located in Houston, TX. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Southern University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Texas Southern University Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $4.4m during the year ending 08/2021. While expenses have increased by 41.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Texas Southern University Foundation has awarded 11 individual grants totaling $7,139,433. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO AID IN THE ADVANCEMENT OF TEXAS SOUTHERN UNIVERSITY'S OBJECTIVES AND PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS SOUTHERN UNIVERSITY FOUNDATION RECEIVES AND ADMINISTERS PRIVATE GRANTS THAT ENHANCE THE RESEARCH CAPABILITIES OF DIFFERENT UNIVERSITY PROGRAMS. FOR THE FILING PERIOD, THERE WERE OUTSTANDING RESEARCH RESULTS THAT WERE PRODUCED BY TSU BULLARD CENTER FOR ENVIRONMENTAL JUSTICE AND TSU CENTER FOR JUSTICE RESEARCH. THE BULLARD CENTER AT TEXAS SOUTHERN UNIVERSITY IS PROPOSING THE JUSTICE40 TECHNICAL SUPPORT PROJECT LED BY DR. ROBERT D. BULLARD (DIRECTOR AND DISTINGUISHED PROFESSOR OF URBAN PLANNING AND ENVIRONMENTAL POLICY). DR. BULLARD (WHO CO-CHAIRS WITH DR. BEVERLY WRIGHT THE HBCU- CBO GULF COAST EQUITY CONSORTIUM, HBCU CLIMATE CHANGE CONSORTIUM AND NATIONAL BLACK ENVIRONMENTAL JUSTICE NETWORK) AND HIS TEAM MEMBERS HAVE BEEN CALLED UPON OVER THE DECADES TO PROVIDE TECHNICAL ASSISTANCE AND RESEARCH SUPPORT TO NUMEROUS PEOPLE OF COLOR, LOW INCOME AND DISADVANTAGED COMMUNITIES IN ADDRESSING ENVIRONMENTAL, CLIMATE, ECONOMIC, ENERGY AND RACIAL JUSTICE ISSUES. DR. BULLARD WAS APPOINTED TO THE BIDEN ADMINISTRATION WHITE HOUSE ENVIRONMENTAL JUSTICE ADVISORY COUNCIL (WHEJAC) WHERE HE HELPED SHAPE FRAMING FOR THE ADMINISTRATION'S JUSTICE40 INITIATIVE, DEVELOPED BY PRESIDENT BIDEN IN EXECUTIVE ORDER 14008. RECEIPT OF A PRIVATE GRANT FUNDING ENSURES A SUCCESSFUL AND SUSTAINABLE JUSTICE40 TECHNICAL SUPPORT PROJECT-ASSISTING DISADVANTAGED COMMUNITIES DEVELOP "ROADMAPS- AND MODEL PLATFORMS FOR ACCESSING JUSTICE40 "COVERED PROGRAMS- AND "COVERED INVESTMENTS" THAT MANY COMMUNITIES HISTORICALLY HAVE BEEN LEFT OUT OF IN THE PAST. THE PROJECT WILL HELP IDENTIFY AND WORK TOWARD DIRECTING MUCH NEEDED FUNDING AND INFRASTRUCTURE INVESTMENTS TO DISADVANTAGED COMMUNITIES AND TO POSITIVELY IMPACT FUNDING EQUITY ADVOCACY FOR YEARS TO COME. THE OVERALL GOAL OF THE PROJECT IS TO BUILD A STRONG AND AUTHENTIC SOCIAL NETWORK INFRASTRUCTURE FOR THE FAIR AND JUST IMPLEMENTATION OF JUSTICE40 INITIATIVE AND TO ENSURE "COVERED PROGRAMS- AND "COVERED INVESTMENTS" FLOW TO NEEDS OF DISADVANTAGED COMMUNITIES. IN ADDITION, THE CENTER FOR JUSTICE RESEARCH IS A RESEARCH CENTER DEVOTED TO DATA-DRIVEN SOLUTIONS FOR AN EQUITABLE CRIMINAL JUSTICE SYSTEM. THE CENTER PROVIDES A CULTURALLY RESPONSIVE RESEARCH APPROACH TO MASS INCARCERATION AND CRIMINAL JUSTICE REFORM. ITS MISSION IS TO REDUCE MASS INCARCERATION THROUGH TARGETED, CULTURALLY-RESPONSIVE, EVIDENCE-SUPPORTED SOLUTIONS AND STRATEGIC ENGAGEMENTS. THE CENTER'S RESEARCHERS TURN DATA INTO SOLUTIONS. HOUSTON, TEXAS, HAS THE THIRD LARGEST CRIMINAL JUSTICE SYSTEM IN AMERICA, GIVING OUR RESEARCHERS OPPORTUNITIES TO INVESTIGATE PROBLEMS AND SOLUTIONS TO THE COMPLEXITIES OF CRIMINAL JUSTICE REFORM. FROM INITIAL CONTACT TO RE-ENTRY INTO SOCIETY, THE CENTER FOR JUSTICE RESEARCH ADVOCATES FOR REFORM IN CULTURALLY SENSITIVE AND APPROACHABLE SOLUTIONS. SINCE 2018, THE CENTER HAS WORKED TO CHANGE THE CULTURE OF THE CRIMINAL JUSTICE SYSTEM WITH RESEARCH AND COLLABORATIVE ENGAGEMENTS, SUPPORTING COMMUNITY-BASED POLICIES AND PARTNERING WITH STAKEHOLDERS.
THE FOUNDATION'S PURPOSE IS TO AID IN THE ADVANCEMENT OF TEXAS SOUTHERN UNIVERSITY'S OBJECTIVES AND PURPOSES.
TEXAS SOUTHERN UNIVERSITY FOUNDATION ALSO RECEIVES AND ADMINISTERS PRIVATE GRANTS THAT ENHANCE COMMUNITY ENGAGEMENT AND SUPPORT HEALTH SERVICES. FOR THE FILING PERIOD, THE MOST NOTABLE COMMUNITY ENGAGEMENT PROJECT RESULTED FROM A PRIVATE FOUNDATION FUNDING SOURCE FOCUSED ON THE COVID-19 TESTING HUBS. A PRIVATE FOUNDATION FUNDING FOCUSES ON THE COVID-19 TESTING HUBS THAT HAVE BEEN INDEPENDENTLY ESTABLISHED AT HBCU INSTITUTIONS. THE FOUNDATION'S FUNDING WILL: - ENABLE THE 8-10 TESTING HUBS TO ACCESS ADDITIONAL TESTING SUPPLIES, EQUIPMENT, AND PERSONNEL TO SUPPORT COVID-19 TESTING OF STUDENTS, FACULTY AND STAFF ACROSS THE HBCU ECOSYSTEM FOR THE 2020-2023 ACADEMIC SCHOOL YEARS. THIS CAPACITY IS INTENDED TO ASSIST THESE HBCUS TO SAFELY OPEN AND REMAIN OPEN DURING THE 2020-2021 ACADEMIC YEAR AND ENABLE THE INSTITUTIONS TO EFFECTIVELY PLAN FOR THE 2021-2022 ACADEMIC YEAR, ESPECIALLY IF THERE HAVE NOT BEEN ADVANCEMENTS IN THERAPEUTICS AND VACCINES. - ENABLE THE TESTING HUBS TO INCREASE ACCESS TO COVID-19 TESTING FOR MEMBERS OF THE COMMUNITIES WHERE THEY ARE LOCATED. SUPPORT OF COVID-19 TESTING IN THESE COMMUNITIES COULD HELP REDUCE THE TRANSMISSION RATES IN THESE COMMUNITIES. - ENABLE COLLABORATION ACROSS THE NETWORK OF HBCU INSTITUTIONS ON BEST PRACTICES TO OPEN AND REMAIN OPEN DURING THIS GLOBAL PANDEMIC. FUNDING MIGHT ALSO FACILITATE COMMUNICATION AND COORDINATION ON A VARIETY OF EFFORTS INCLUDING COVID-RELATED RESEARCH, COMMUNICATION, AND CONTACT TRACING. THIS INVESTMENT WILL PROVIDE INSTRUMENTATION, EQUIPMENT, TEST KITS, TECHNICAL ASSISTANCE AND TRAINING TO ENABLE THE ANALYSIS OF APPROXIMATELY 550,000 TESTS ACROSS THE HBCU ECOSYSTEM. THE FOUNDATION WILL INDEPENDENTLY FUND EACH OF THE HUB INSTITUTIONS EQUALLY TO FURTHER ENABLE THEM TO TEST STUDENTS, FACULTY, STAFF AND MEMBERS OF THEIR COMMUNITIES.
FOR THE FILING PERIOD, TEXAS SOUTHERN UNIVERSITY FOUNDATION AWARDED 321,954 IN SCHOLARSHIP AWARDS TO 357 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Frazier Wilson Chairman | Trustee | 2 | $0 |
Dr Melanie Johnson Vice Chairma | Trustee | 1 | $0 |
Michael Williams Treasurer | Trustee | 2 | $0 |
Troy Pradia Secretary | Trustee | 1 | $0 |
Gerald B Smith Chairman Eme | Trustee | 1 | $0 |
Willie J Alexander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,435,070 |
| Investment income | $1,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $499,609 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,949,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $414,549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,353 |
| Advertising and promotion | $500 |
| Office expenses | $144,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,260 |
| Interest | $90,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,407 |
| Insurance | $12,031 |
| All other expenses | $0 |
| Total functional expenses | $4,354,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,861,140 |
| Savings and temporary cash investments | $57,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,702,424 |
| Accounts payable and accrued expenses | $2,249 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,498,435 |
| Unsecured mortgages and notes payable | $54,740 |
| Other liabilities | $1,506,613 |
| Total liabilities | $3,062,037 |
| Net assets without donor restrictions | $2,641,848 |
| Net assets with donor restrictions | $6,998,539 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,640,387 |
Grants Awarded
Over the last fiscal year, Texas Southern University Foundation has awarded $4,147,487 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DEEP SOUTH CENTER FOR ENV JUSTICE | | | $148,090 |
TEXAS SOUTHERN UNIVERSITY | | | $3,835,778 |
JUSTICE SYSTEM PARTNER | | | $91,719 |
ACHIEVING COMMUNITY TASKS SUCCESSFU | | | $28,500 |
BLACK PUBLIC DEFENDER ASSOCICIATION | | | $10,000 |
BAYOU CITY WATERKEEPER | | | $7,500 |